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Balance sheet of Kitex Garments is strong.
It shouldn't have solvency or liquidity issues.
Yes, The debt of Kitex Garments is increasing.
Latest debt of Kitex Garments is ₹802 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹543 Crs.
The profit is oscillating.
The profit of Kitex Garments is ₹124 Crs for TTM, ₹55.33 Crs for Mar 2024 and ₹56.29 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Kitex Garments latest dividend payout ratio is 18.03% and 3yr average dividend payout ratio is 14.57%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress